Jack in the Box (NASDAQ:JACK) Reaches New 1-Year Low at $50.04

Jack in the Box Inc. (NASDAQ:JACK)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $50.04 and last traded at $50.27, with a volume of 21665 shares. The stock had previously closed at $50.17.

Analyst Ratings Changes

JACK has been the topic of several recent analyst reports. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Morgan Stanley dropped their target price on shares of Jack in the Box from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 15th. The Goldman Sachs Group started coverage on shares of Jack in the Box in a report on Thursday, June 13th. They issued a “sell” rating and a $55.00 price target on the stock. Wedbush dropped their price objective on shares of Jack in the Box from $78.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday, May 15th. Finally, Truist Financial reduced their target price on Jack in the Box from $99.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.94.

Jack in the Box Stock Performance

The business has a 50-day simple moving average of $55.26 and a 200 day simple moving average of $68.09. The firm has a market cap of $973.38 million, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 0.72 and a beta of 1.88.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.03. The firm had revenue of $365.40 million for the quarter, compared to analysts’ expectations of $369.53 million. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 earnings per share. On average, research analysts expect that Jack in the Box Inc. will post 6.31 EPS for the current year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, June 6th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Thursday, June 6th. Jack in the Box’s dividend payout ratio is currently 30.99%.

Institutional Trading of Jack in the Box

Institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new position in Jack in the Box during the third quarter valued at $93,000. Envestnet Asset Management Inc. boosted its stake in Jack in the Box by 54.1% during the third quarter. Envestnet Asset Management Inc. now owns 71,105 shares of the restaurant operator’s stock worth $4,911,000 after acquiring an additional 24,955 shares in the last quarter. Invesco Ltd. boosted its stake in Jack in the Box by 27.7% during the third quarter. Invesco Ltd. now owns 109,064 shares of the restaurant operator’s stock worth $7,532,000 after acquiring an additional 23,673 shares in the last quarter. Dark Forest Capital Management LP increased its stake in shares of Jack in the Box by 22.4% during the third quarter. Dark Forest Capital Management LP now owns 9,687 shares of the restaurant operator’s stock valued at $669,000 after purchasing an additional 1,775 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Jack in the Box by 323.0% during the third quarter. Tower Research Capital LLC TRC now owns 4,759 shares of the restaurant operator’s stock valued at $329,000 after purchasing an additional 3,634 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.